Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 15 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
29 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
VERLINVEST from Elsene, company number BE0455030364, closed financial year 2025 with a result of € -54.7 million after tax. For that financial year VERLINVEST recorded revenue of € 1.2 million and equity of € 1.5 billion. Compared with financial year 2024, the result moved from € 183.1 million to € -54.7 million. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 13, 2026.
€ 1.5 billion
▼ 6% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -54.7 million
▼ still € 183.1 million profit in 2024
Profit after tax over the fiscal year.
€ 31.8 million
▲ € 30.8 million vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 694 million.
People and assets in 2025
22.8
▼ 0.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 7.8 million
▲ 2% vs 2024
€ 340,900 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 35,676
▼ 34% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 347.3 million
▲ 65% vs 2024
Loans from banks and other lenders, long and short.
€ 11.1 million
▼ 19% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 172 days on average.
€ 3.6 million
▼ 25% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 764,853 | € 881,003 | € 1,733,372 | € 1,231,535 | ▼ 29% |
| Profit after taxes | € -18,188,115 | € -71,482,126 | € 183,124,525 | € -54,740,641 | ▼ € 237.9 million |
| Equity | € 1,359,622,448 | € 1,279,274,652 | € 1,637,787,447 | € 1,544,290,824 | ▼ 6% |
| Total debts | € 184,490,850 | € 385,425,123 | € 284,437,053 | € 410,142,681 | ▲ 44% |
| Cash | € 61,214,752 | € 27,801,004 | € 982,630 | € 31,768,581 | ▲ € 30.8 million |
| Retained profit | € 724,080,702 | € 643,732,906 | € 787,523,001 | € 694,026,378 | ▼ 12% |
| Dividend | € 32,020,714 | € 8,865,670 | € 39,334,430 | € 38,755,983 | ▼ 1% |
| Bank debt | € 97,500,000 | € 340,000,000 | € 210,150,000 | € 347,300,000 | ▲ 65% |
| Balance sheet total | € 1,544,113,297 | € 1,664,699,774 | € 1,922,224,500 | € 1,954,433,504 | ▲ 2% |
| Employees (FTE) | 17.7 | 22.2 | 23.1 | 22.8 | ▼ 0.3 |
Key figures of VERLINVEST, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to VERLINVEST?
What happened at VERLINVEST in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- stratosPHere stepped down as director. NBB
- Indira Thambiah stepped down as director. NBB
- Christophe de Marchant et d'Ansembourg stepped down as director. NBB
- Sophie De Roux stepped down as director. NBB
- Marie Kluyskens stepped down as director. NBB
- SDS INVEST SA stepped down as director. NBB
- Jean-Marie Laurent-Josi stepped down as director. NBB
- Benoit de Spoelberch stepped down as director. NBB
In short
From € 18.2 million loss in 2022 to € 54.7 million loss in 2025.
Paid € 13,210 in corporate taxes since 2022.
Best year ever: 2024, with € 183.1 million profit.
Paid out € 119 million in dividends to the owners in total.
A new publication or filing at VERLINVEST? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of VERLINVEST GROUP, HONORA comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
VERLINVESTThe shares are held by VERLINVEST GROUP (90.7%) and HONORA (3.1%). It owns 100% of The Beverage Holdco, 100% of Verlinvest Asia Pte Ltd, 100% of Astar Education Holdings PTE LTD, 100% of Verlinvest USA, 100% of Verlinvest UK Ltd. and 100% of Verlinvest India Investment Advisor itself.
Directors
According to the 2025 annual accounts
Christophe de Marchant et d'Ansembourg
Director
Also active at: ANSBEL, SYNGULARITY, TELE NAMUR, RIVIERA BELLA, HONORA, NCV IMMOBILIER, IMM Développement
since 2024 · until 2027
since 2024 · until 2027
Marie Kluyskens
Director
since 2024 · until 2027
since 2024 · until 2025
Director · represented by Pascal Houdayer
since 2026 · until 2029
Chairman of the board · represented by Stefan Descheemaeker
since 2024 · until 2027
Jean-Marie Laurent-Josi
Director
since 2024 · until 2027
Paul de Spoelberch
Director
Also active at: WESPARC - WESPARK, FORHAVEX, FONDATION ASTRALIS, VERVODEV
since 2023 · until 2026
since 2024 · until 2027
since 2024 · until 2027
Indira Thambiah
Director
since 2026 · until 2029
Red Black Capital SA
Managing director · represented by Roberto Italia
Also active at: Verlinvest Beverages
since 2024 · until 2027
Grégoire de Spoelberch
Director
Also active at: GROUPE JOSI - GROEP JOSI, Société Immobilière du Canal, WESPARC - WESPARK, ATLAS PLASKY, GET BUILDING, G.D.S. CONSULT, FONDS BAILLET LATOUR, FORHAVEX +7 more
since 2024 · until 2027
Werner de Marchant et d'Ansembourg
Director
since 2023 · until 2026
Caroline de Spoelberch
Director
since 2024 · until 2027
Philippe de Spoelberch
Director
since 2024 · until 2027
Olivier de Spoelberch
Director
since 2024 · until 2027
since 2024 · until 2027
Shareholders
90.7%
3.1%
Participations
The Beverage Holdco
100%
Verlinvest Asia Pte Ltd
100%
Astar Education Holdings PTE LTD
100%
Verlinvest USA
100%
Verlinvest UK Ltd.
100%
Verlinvest India Investment Advisor
100%
Verlinvest Cookies HoldCo
100%
Gui Sheng Tang Sinomedica Holding
100%
100%
100%
Grip-UK
99.3%
Bludental Clinique Italia
97.7%
Pedego Holdings Inc.
72%
Boulders ApS
71.1%
70%
Aegis FF
68.7%
65.8%
Tony's Chocolonely Nederland B.V.
65%
62.4%
China Resources Verlinvest Health Investment Ltd
50%
K1 Holding Group
44.9%
Toluna Holdings Ltd
40.3%
KWD NewCo
39%
JR SAS
36.8%
Karafun
30.5%
28.4%
Mutti S.P.A.
24.5%
The Eye Foundation
20.2%
Archian Foods Pvt Ltd
19.8%
Sara Global Pte. Ltd.
17.1%
Not So Dark
16.6%
Muhavra Enterprises Private
15.1%
Good Goods Holding PTY LTD
12.4%
Juicy Chemistry Pve Ltd
12.3%
IIIC
11.7%
Yepoda GmbH
10.7%
VERLINVEST ASIA (HK) LIMITED
Establishments
Establishment units
Physical locations of this company
Eugène Flageyplein 18
1050 Elsene
Vergoteplein 19
1200 Sint-Lambrechts-Woluwe
Active since 24 May 1995
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 29 companies are registered at this address.
All companies at this address →Opératie 1971
MERIFIN EUROPE
€ 652,024 gross margin · 2025
Euregalia
Brussels Jazz Orchestra
Brussels Philharmonic
€ 1.3 million revenue · 2025
+24 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
AMAZON-02 - Amazon.com, Inc., US
Domain
Domain
verlinvest.com
Registered
2009-05-07
Registrar
Ascio Technologies, Inc. Danmark - Filial af Ascio technologies, Inc. USA
Expires
2026-05-07
Website info
Features
Security
Details
- Company number
- 0455.030.364
- VAT number
- BE 0455.030.364
- Registered office
- Eugène Flageyplein 18, 1050 Elsene
- Names & denominations
- VERLINVEST
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 11 April 1995
- Peppol
- Active · Active since 6 Nov 2025
- Contact
- verlinvest.com
- Activities · NACE
Activiteiten van holdings
Financiële holdings
Managementactiviteiten van holdings
Holdings